Short Interest in iShares Future AI & Tech ETF (NYSEARCA:ARTY) Increases By 78.8%

iShares Future AI & Tech ETF (NYSEARCA:ARTY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 664,654 shares, an increase of 78.8% from the May 14th total of 371,731 shares. Based on an average trading volume of 913,856 shares, the short-interest ratio is presently 0.7 days. Currently, 1.4% of the shares of the company are sold short.

iShares Future AI & Tech ETF Trading Down 3.0%

Shares of NYSEARCA ARTY opened at $75.06 on Wednesday. iShares Future AI & Tech ETF has a 12 month low of $37.93 and a 12 month high of $81.85. The company has a 50 day simple moving average of $65.54 and a two-hundred day simple moving average of $55.21. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 32.81 and a beta of 1.50.

Institutional Trading of iShares Future AI & Tech ETF

Several institutional investors and hedge funds have recently bought and sold shares of ARTY. Nemes Rush Group LLC lifted its stake in iShares Future AI & Tech ETF by 333.3% during the 4th quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock valued at $26,000 after acquiring an additional 410 shares during the period. CoreCap Advisors LLC lifted its stake in iShares Future AI & Tech ETF by 61.8% during the 4th quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock valued at $28,000 after acquiring an additional 218 shares during the period. Saranac Partners Ltd acquired a new stake in iShares Future AI & Tech ETF during the 3rd quarter valued at approximately $33,000. Blue Trust Inc. lifted its stake in iShares Future AI & Tech ETF by 43.3% during the 1st quarter. Blue Trust Inc. now owns 725 shares of the company’s stock valued at $34,000 after acquiring an additional 219 shares during the period. Finally, Aptus Capital Advisors LLC lifted its stake in iShares Future AI & Tech ETF by 73.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 776 shares of the company’s stock valued at $36,000 after acquiring an additional 328 shares during the period.

iShares Future AI & Tech ETF Company Profile

The iShares Future AI & Tech ETF (ARTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a concentrated index of global companies that provide products and services that are expected to contribute to artificial intelligence technologies. Holdings are selected and weighted based on a modified market-cap. ARTY was launched on Jun 26, 2018 and is issued by BlackRock.